---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-010748"
form_type: "8-K"
ticker: "RIME"
cik: "0000923601"
company_name: "Algorhythm Holdings, Inc."
filed_at: "2022-04-22T23:59:59+00:00"
generated_at: "2026-06-26T05:32:54.925198+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Singing Machine enters new employment agreements with CEO, CFO, and appoints new CRO

## Summary
- New three-year agreements for CEO Gary Atkinson and newly appointed CRO Bernardo Melo; CFO Lionel Marquis gets 18-month term.
- Base salaries: Atkinson $215K, Marquis $175K, Melo $215K; each eligible for $10K increase on first anniversary if profitable.
- Severance: lump sum equal to 2x base salary plus annual bonus for termination without cause, non-renewal, or good reason.
- Bonus Plan ties cash, options, and stock grants to EBITDA and net sales; one-time option grant upon Nasdaq listing.
- Agreements replace prior 2014 change-of-control agreements.

## SEC filing metadata
- accession: 0001493152-22-010748
- form_type: 8-K
- ticker: RIME
- cik: 0000923601
- company_name: Algorhythm Holdings, Inc.
- filed_at: 2022-04-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/923601/000149315222010748/0001493152-22-010748-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923601/000149315222010748/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-010748
- JSON: https://secwatch.observer/filing/0001493152-22-010748.json
- Plain text: https://secwatch.observer/filing/0001493152-22-010748.txt

## Key facts
- Executive change
  Bernardo Melo was appointed as Chief Revenue Officer at Algorhythm Holdings, Inc..
  - Action: appointed
  - Role: Chief Revenue Officer
  source text: In addition, on April 22, 2022, Mr. Melo was appointed as Chief Revenue Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/923601/000149315222010748/0001493152-22-010748-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.